Kingland Pipeline announces share repurchase progress

Zhejiang Kingland Pipeline & Technologies (SZSE:002443) announced an update on its share repurchase program today. As of March 31, 2025, the company has repurchased 7,172,100 shares, representing 1.38% of its total share capital. The repurchases were made through a dedicated securities account via centralized bidding. The highest transaction price was CNY 6.50 per share, and the lowest was CNY 5.93 per share. The total transaction amount was CNY 44,931,529.84 (excluding transaction expenses). The repurchase plan, approved on August 29, 2024, aims to buy back shares for employee stock ownership or equity incentive plans with a budget between CNY 10 million and CNY 20 million. The company stated that the repurchase activities comply with relevant regulations and its previously disclosed repurchase plan. Kingland Pipeline also said it will continue to implement the repurchase plan based on market conditions and in accordance with applicable laws and regulations, advising investors to pay attention to investment risks.